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December 06, 2013

Online Banking Awareness Mock Test for IBPS Clerks - Set 22


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Scheduled Banks have to be registered with ___________________
  1. SEBI
  2. RBI
  3. Finance Ministry
  4. SBI
  5. None of these

Tarapore Committee submitted its report on "Full Convertibility of Rupee" in ______________________
  1. Current Account
  2. Capital Account
  3. Both 1 & 2
  4. Special Drawing Rights (SDR)
  5. None of these

In Banking Services, market can be segmented on the basis of __________________
  1. Density
  2. Customers
  3. Both 1 & 2
  4. Neither 1 nor 2
  5. None of these

Banks give contracts to third parties in order to manage support services like
  1. help desk support
  2. credit card processing
  3. call support service
  4. all of these
  5. none of these

Nationalization of SBI took place in _____________
  1. 1947
  2. 1952
  3. 1955
  4. 1967
  5. 1950

Which of the following are the Scheduled Banks ?
  1. State Bank of Mauritius Ltd
  2. HDFC Bank Ltd
  3. ICICI Bank
  4. All of these
  5. None of these

Which of the following statements about Local Area Banks are correct ?
  1. Local Area Banks are required to observe the priority sector lending targets at 40 percent of net bank credit as applicable to other domestic banks
  2. Local Area Banks have to lend at least 25 per cent of their priority sector deployments (10 per cent of net bank credit) to weaker sections within the overall all 40 per cent target for priority sector
  3. Local Area Banks are registered as a public limited company under the Companies Act 1956
  4. Both 1 and 2
  5. All of these

The long-term co-operative credit structure consists of two tiers only viz.,
  1. Central land mortgage banks at state Level and Primary Land Mortgage banks at the district level
  2. State land mortgage banks at the State Level and NABARD at All-India level
  3. Regional Rural Banks at the district level and NABARD at central level
  4. Both 1 and 2
  5. All of these

In most of the states in our country, the organizational structure of land development banking is federal character with
  1. a Central Land Development bank at the apex level
  2. affiliated primary land development banks, mostly organized at Tehsil / Taluk / Block levels
  3. Neither 1 and 2
  4. Either 1 or 2
  5. All of these

What do you understand by 'Para Banking' services ?
  1. Eligible financial services rendered by banks
  2. Utility services provided by banks
  3. Services provided through business correspondents
  4. Services Provided to armed force personnel
  5. none of these

As per the targets of 11th five year plan, educated unemployment is to be reduced to which of the following levels ?
  1. 9%
  2. 6%
  3. 7%
  4. 8%
  5. 5%

Name the institution in which RBI has recently sold its stake to the Government ?
  1. Exim Bank
  2. National Housing Bank
  3. IDBI
  5. None of these

In economics, it is generally believed that the main objective of a public sector financial company, like bank, is to
  1. Employ more and more people
  2. Maximize total profits
  3. Maximize total production
  4. Provide financial services to the people across the country
  5. Sell goods at subsidized cost

The Reserve Bank of India has decided to help banks, as a temporary measure, by providing additional liquidity support under LAF. What is the full form of LAF?
  1. Loan Adjustment Fund
  2. Liquidity Adjustment Facility
  3. Long Awaited Funds
  4. Loan Awaited Funds
  5. Loan Against Funds

Which of the following terms is NOT used in Baking / Finance - related matters?
  1. Discount Rate
  2. Letter of Credit
  3. Cheque Clearing
  4. General Ledger
  5. Law of motion

Consider the following statements about SABLA scheme
A. It replaces Kishori Shakti Yojana (KSY) in all districts
B. It is being implemented in 200 districts at present
C. It is a scheme for empowerment of adolescent girls
Which of the above statements is / are  correct?
  1. Only A
  2. Only B
  3. Only A and B
  4. Only B and C
  5. None of these

Capitalism is based upon "Laissez-faire-system". What is this "Laissez-faire-system" ?
  1. No governmental intervention
  2. Maximum Governmental intervention
  3. Role of market forces is minimum
  4. Limited government intervention
  5. None of these

Credit creation capacity of commercial banks is determined by ?
A. Cash withdrawals from the banking system by the public
B. Cash reserve ratio to be maintained by commercial banks
C. Supply of currency notes by the central bank
D. willingness of the borrowers to take loans from commercial banks
  1. A, C and D
  2. B, C and D
  3. A, B and D
  4. A, B and C
  5. None of these

Consider the following statements and state which of them are TRUE ?
A. Government has constituted an eight member committee to examine ways for strengthening laws to curb generation of black money and prevent it transfer abroad
B. It will examine the existing legal and administrative framework to deal with generation of black money through illegal means
C. CBDT chairman will be head of the committee
  1. A and B
  2. Only B
  3. A, B and C
  4. A and C
  5. None of these

Read Remaining sets of Banking Awareness Model Practice Tests from below
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  1. Rbi has sold its stake in nabard? Which means has nabard is no longer its subsidiary?

  2. when will ibps po score card be declared?

  3. tanks for this im hapy

  4. The Reserve Bank of India will soon introduce cash-settled interest rate futures on 10-year government bonds and has also permitted exchanges to launch these derivatives in other smaller tenure securities in the future.

  5. Sir/Mam
    hat happen if by mistake someone uploaded signature instead of photo and vice versa in ssc.


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